Core Scientific reported $232.9 million in revenue for the third quarter of 2026, compared with $164.2 million in the previous quarter. Colocation, which provides customers with facilities, electricity, cooling and connectivity for their servers, is now the company’s main revenue source. In the second quarter, it generated $136.7 million, while self-mining brought in $21.5 million. The company operates approximately 2.1 gigawatts of gross power capacity, of which around 1.1 gigawatts are contracted with customers including CoreWeave and AMD, representing more than $24 billion in potential future revenue. After emerging from bankruptcy in January 2024, Core Scientific is increasingly shifting from cryptocurrency mining toward infrastructure for artificial intelligence and high-performance computing.
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